Sign into FXTrade

Don't have an account? Register now

Seller beware, EUR to rally $8b’s worth

Posted by Dean Popplewell at 5:55 am EST, 02/09/2010

We have witnessed the lemming trade in gold. Last year, the commodity rallied 24%. After the last two weeks of volatile trading, holding a long position is like passing a ‘hot potato’. Speculators have used any excuse to liquidate their position and in doing so have caused near panic in pockets. Are we gong to see this in the EUR over the next few days? To date, speculators and hedge funds have bet approximately $8b against the EUR. Last week’s [...] read more

Filed under: Dean's FX, USD, EUR, GBP, CHF, JPY, AUD, CAD
Forex Rates
Interest Rates

Some of OANDA's currency tools require Adobe's Flash Player.

Market Pulse »

China Faces Currency Valuation Crisis

Posted by Scott Boyd 11:58 am EST, 02/05/2010

There are two main threats currently facing the Chinese economy, and to the chagrin of the country’s policymakers, the yuan is caught squarely in the middle. China’s central bankers have long been accused of pursuing a policy deliberately aimed at weakening the yuan to help ensure the competitiveness of China’s exports in the global marketplace. Indeed, it was China’s ability to manufacture and market goods at cheaper rates than most other exporting nations that helped make China the world’s leading [...] read more

Filed under: USD, EUR

Contango

Contango is a term used in the futures market to refer to the situation where the price of a commodity for future delivery is higher than the current spot price. This results in an upward sloping forward value curve.

Forex Insights »

Posted under: USD, CAD at 9:26 am EST, 02/08/2010
Next
Previous

Economic Exposure »

Swiss unemployment rises in January, but below expectations

Posted by Alfonso Esparza 6:33 am EST, 02/08/2010

The Swiss unemployment rate rose to a non-seasonally adjusted 4.5 percent in January from 4.4 percent in the previous month, the State Secretariat for Economic Affairs said. In seasonally adjusted terms, the unemployment rate dropped to 4.1 percent from the previous month’s 4.2 percent. Economists had forecast the non-adjusted jobless rate would rise to 4.6 percent. ECONCH Switzerland emerged from a deep recession last summer and recent economic data point to recovery, but economists expect joblessness to peak later [...] read more

Filed under: CHF

Central Bank Watch »

BOE Committee disagrees on EU Hedge Fund Draft

Posted by Alfonso Esparza 6:23 am EST, 02/08/2010

Draft European Union legislation designed to regulate the hedge fund industry would trigger “systemic failure and widespread market disruption” if it became law. Those are the findings of the Financial Markets Law Committee (FMLC), which was established by the Bank of England, on the eve of a critical week for the EU hedge fund directive in Brussels. The Times has learnt that European lawmakers will be presented today with about 2,000 amendments to the draft legislation, each of which must be debated. Lawmakers [...] read more

Filed under: GBP

Featured Post

Interest Rate Outlook for 2010

Latest Articles

Seller beware, EUR to rally $8b’s worth
Posted by Dean Popplewell at 5:55 am EST, 02/09/2010
Bank of Canada Affirms Interest Rate Pledge
Posted by Scott Boyd at 1:06 pm EST, 02/08/2010
Loonie Set to Advance on Oil and Commodity Increases
Posted by Scott Boyd at 9:01 am EST, 02/08/2010
February
9
Today’s Global
Market Events
10:00 am
USD
IBD/TIPP Economic Optimism
49.3 vs. 48.8
USD
Wholesale Inventories m/m
0.5% vs. 1.5%
6:30 pm
AUD
Westpac Consumer Sentiment
5.6%
6:50 pm
JPY
Core Machinery Orders m/m
8.1% vs. -11.3%
JPY
CGPI y/y
-2.3% vs. -3.9%
7:30 pm
AUD
Home Loans m/m
-4.7% vs. -5.6%
Tentative
AUD
NAB Business Confidence
8
10th-12th
AUD
NAB Quarterly Business Confidence
16
CNY
Trade Balance
20.2b vs. 18.4b